Monese is a UK-based fintech company, which offers EUR and GBP accounts through their app. No credit checks and no proof of address required, only your ID and a selfie. According to Monese, their customers could save an average of 88% by using Monese to send money abroad. One interesting thing – the vertical design of the debit card, which I liked.
In short
- Free debit card
- Instant transfers
- Good exchange rates
- Contactless payments with Apple Pay or Google Pay
- ATM withdrawals worldwide
- Connected with Avios - earn miles for flights
- Free Monese Plus (Classic) account for 12 months for students
- Great financial statements
- App and support available in 14 languages
- Great UI
- Joint accounts (for now they are only available in the UK)
Monese business has additional perks
- Only for UK-registered businesses
- Fast and easy to open
- Free contactless card
- Cash deposits
Eligible countries
Pricing
Simple
- Free contactless debit card
- ATM withdrawals: €200 free monthly withdrawals, 2% fee after
- Foreign currency card spending: spend €2,000 monthly for free, 2% fee after
- Foreign currency transfers: free & instant to other Monese accounts, 2% fee when sending to non-Monese accounts (€2 minimum fee)
Classic
- €4.95/m
- Free contactless debit card
- ATM withdrawals: €800 free monthly withdrawals, 2% fee after
- Foreign currency card spending: spend €8,000 monthly for free, 2% fee after
- Foreign currency transfers: free & instant to other Monese accounts, 0.5% fee when sending to non-Monese accounts (€2 minimum fee)
Premium
- €14.95/m
- Free contactless debit card
- ATM withdrawals: free without a limit
- Foreign currency card spending: free without a limit
- Foreign currency transfers: free without a limit to Monese and non-Monese accounts
Business
- £9.95/m
- Personal Monese Plus (Classic) and business account in one
- An exclusively designed UK Monese Mastercard
- Cash deposits
- Low-priced international transfers
- Free local payments
- Full pricing and terms of use for Monese Business can be found here
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